Bitcoin: A threat to economic sovereignty

Acceptance of any kind of international currency may shift the control over the economy from the government to anonymous players

The debate over Bitcoin across the world is becoming more and more intense as its price is touching new highs. Every day something is being said either for or against it. The regulators across the world, however, appear to be hesitant in taking a clear stand on the issue as Bitcoin and its impact is still not fully understood. The setting up of a committee by the Indian government to take a look into the issue from a taxation point of view followed by some field action by the Income Tax department and the stern warning from the US  Securities